Foresters Financial Life Insurance Review (2023)

Foresters Financial has been selling life insurance products for nearly 150 years and serves over three million people globally. This company offers a large selection of term life insurance, whole life insurance, and universal life insurance products, but its life insurance rates are private. Foresters Financial also offers a variety of other financial services, too.

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Oct 1, 2023

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Company Details
Address: PO Box 179
City: Buffalo
State: New York
ZIP Code: 14201
Phone Number: 800-828-1540
Year Founded: 1874
AM Best Rating: A-
Company Rating 0 (0 reviews)

Foresters Financial has been in business for nearly 150 years. This company was founded back in 1874. When it was founded, the company’s primary purpose was to provide quality life insurance products to working-class families.

Since 1874, Foresters Financial has grown significantly. New Link Destination day the company serves over 3 million members in the United States, Canada, and the United Kingdom. Foresters Financial services have also expanded beyond quality life insurance products.

New Link Destination day, Foresters Financial also provides retirement planning, investment, and savings services in addition to selling life insurance products. While all of the services offered by this company are top-notch, we will only be looking at Foresters Financial’s life insurance products for this review.

For 150 years, Foresters Financial has been striving to provide their customers with the best possible customer service and a quality line of life insurance products.

While Foresters Financial does not enjoy the same name recognition as other providers in the life insurance industry, this company has a surprisingly robust selection of products.

Let’s take a closer look at the life insurance rates offered by Foresters Financial, the specifics of their products, and check their financial strength.

Before you learn more about affordable Foresters Financial life insurance, enter your ZIP code above to compare life insurance quotes from companies like Foresters Financial in your area.

What are Foresters Financial life insurance rates?

While searching the Internet, we could not find any public information available on Foresters Financial’s life insurance rates. If you are interested in getting a life insurance quote from Foresters Financial, you will need to contact a life insurance agent from the company.

Foresters Financial does not even offer an online tool on their website to help you see quick rates. The only way to compare Foresters Financial life insurance rates against other major life insurance companies is to call for a quote.

Remember, your age, health, lifestyle, and other factors will affect your life insurance quote, so be sure, to be honest about your situation. Shopping around can help you save money on life insurance too.

Compare Foresters Financial life insurance quotes with the other companies in your area to help secure the best life insurance rates for you and your family.

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What life insurance products are sold by Foresters Financial?

Foresters Financial sells a variety of life insurance products. Their product offerings include term life insurance, whole life insurance, and universal life insurance. Each one of these policies has its own unique benefits that may be best suited for your life.

Let’s take a closer look at some of the specifics of these life insurance policies so you can determine if they are a good fit for your life.

What are the details of Foresters Financial term life insurance policies?

Term life insurance only lasts for a set term. Foresters Financial offers term life insurance policies with term lengths of 10-,15-, 20-,25-, or 30-years. During the term of your policy, your premiums will remain level even as you age or become ill.

Term life insurance is the most affordable life insurance policy sold by Foresters Financial. Individuals can expect to get better rates when they are younger and in good health.

This type of life insurance coverage is perfect for specific periods of your life while you are raising kids or paying off your home. This coverage is inexpensive, and it offers comprehensive debt coverage should you pass away prematurely.

What are the details of Foresters Financial’s whole life insurance policies?

Whole life insurance policies are great for estate planning. These policies last for the duration of your life, assuming that you make all of your premium payments.

Over time your whole life insurance policy grows a cash value that you can borrow against tax-free. Borrowing against your policy will reduce your total death benefit until your loan is repaid.

Foresters Financial members can also potentially receive dividend payments on their whole life insurance policies, but the company does not guarantee dividend payments.

Whole life insurance is more expensive than term life insurance, but when you purchase whole life insurance, your premiums stay level for the rest of your life and increase as you age or get sick.

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What are the details of Foresters Financial universal life insurance policies?

Foresters Financial universal life insurance policies are very similar to their whole life insurance policies. Universal life insurance policies coverage lasts for a lifetime, they grow a cash value over time, and policy-holders can earn dividends on their policy.

What makes universal life insurance different from whole life insurance is that premium payments and benefits are flexible. This means that you can adjust your policy as you see fit to match your current financial standing and lifestyle.

Universal life insurance is a great way to get permanent life insurance without the high price of whole life insurance. These policies offer flexibility and are perfect for young families.

What is Foresters Financial’s financial strength rating?

Foresters Financial reviews state that the company’s A.M. Best rating is an A-. This is a solid financial rating. It indicates that Foresters Financial is in a stable financial position to pay benefits in a timely fashion.

Consumers should always check on a company’s financial strength before buying a life insurance policy because this is a considerable component to benefit payment. Weak companies may not be able to make payments on time or at all.

Foresters Financial Life Insurance Effortless Claims Process

Ease of Filing a Claim

Foresters Financial offers multiple channels for filing insurance claims, ensuring convenience for their policyholders. You can file a claim through their online portal, over the phone, or by using their mobile app. This flexibility allows you to choose the method that suits your preferences and needs.

Average Claim Processing Time

The average claim processing time is a crucial factor for policyholders. Foresters Financial strives to process claims efficiently to provide timely support to their customers. While specific processing times may vary depending on the nature of the claim, Foresters Financial is committed to ensuring a swift and hassle-free claims experience.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a significant role in evaluating an insurance company’s performance. Foresters Financial values customer satisfaction and aims to provide fair and prompt claim resolutions and payouts. Policyholders’ experiences and feedback on claim settlements are essential in assessing the company’s commitment to meeting its customers’ needs and expectations.

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Unveiling Cutting-Edge Digital and Technological Features by Foresters Financial Life Insurance

Mobile App Features and Functionality

Foresters Financial offers a user-friendly mobile app designed to enhance the customer experience. The app provides access to policy information, allows users to file claims, make payments, and manage their accounts on the go. With a range of features and functionalities, the mobile app empowers policyholders to have easy control over their insurance policies.

Online Account Management Capabilities

Managing your insurance policies online has never been easier with Foresters Financial. Their online account management system allows policyholders to view policy details, make updates, and access important documents securely. This digital convenience simplifies the process of staying informed and in control of your insurance coverage.

Digital Tools and Resources

Foresters Financial provides a suite of digital tools and resources to assist policyholders in making informed decisions about their insurance. These resources may include online calculators, educational materials, and informative articles to help customers understand their coverage and plan for the future. These digital tools contribute to a well-rounded and comprehensive customer experience.

Foresters Financial Life Insurance: The Bottom Line

As far as small life insurance companies go, Foresters Financial is pretty solid. This company has a comprehensive offering of life insurance products, and they serve over three million people around the world. Check to see your life insurance quote from this company to determine if it is the right fit for you.

If you’re ready to compare life insurance quotes from the top companies in your area, enter your ZIP code below to see life insurance rates near you.


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